The Abraaj Capital Art Prize has announced its new application process for its third year, 2011. It will now allow artists to apply for the prize themselves. In addition, the number of winners has been increased from three to five. These modifications have been put in place to offer more contemporary artists from the Middle East, North Africa and South Asia (MENASA) the opportunity to benefit from the support and global recognition of the prize.
“We have concluded that widening the number of winners from three to five will give more artists from this culturally rich region of 1.6 billion people the opportunity to create a work of art that pushes the boundaries of their practice and offers them an international platform to showcase their work,” commented Savita Apte, Chair of the Abraaj Capital Art Prize.
The US $1 million art prize has been awarded twice since its development in 2008 by Dubai-based Abraaj Capital, each time to three sets of winners comprising an artist and an internationally renowned curator. The award is the world’s most generous art prize and has quickly achieved international recognition, boosting the overall profile of art from the region as well as each of the winners to date. Unveiled each year at Art Dubai, the works of the 2009 winners have been displayed this summer in the Museum of Arts & Design in New York City.
“Having followed the progression of the 2009 Abraaj Capital Art Prize recipients, we’ve seen that winning the Abraaj Capital Art Prize has not only increased their status and acclaim in the international art world, but more importantly given them the opportunity of creating new, more monumental and ambitious artworks. Identifying and empowering potential is a key mission for Abraaj Capital, and by extending the Prize to a larger field of artists, we further strengthen that objective in the MENASA art community,” added Fred Sicre, Executive Director of Abraaj Capital.
Abraaj Capital, which was founded in 2002, invests in the growing MENASA region, taking well-run, promising companies and turning them into regional and even global champions. Artworks resulting from the prize form part of Abraaj Capital’s corporate collection.
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